Dubai: Occidental Petroleum will carry out a $500m exploration project off Abu Dhabi in the coming two years.
Occidental will work with Abu Dhabi National Oil Co to explore for oil at the Hail and Ghasha offshore fields in the Persian Gulf, Adnoc said in a statement. The Houston-based company would have a 30% share in the exploration project that runs through 2017, Adnoc said. [11/02/15]
